Phosphate fertilizer daily review: Continuous replenishment on site during the autumn fertilizer sweeping stage (October 12)

Monoammonium phosphate price index:

According to Feiduo data, on October 12, the 55% powder index of China's monoammonium phosphate was 3,166.25, rising; the 55% particle index was 3,250.00, stable; and the 58% powder index was 3,450.00, stable.

Monoammonium phosphate market analysis and forecast:

Today, the market price of monoammonium phosphate in China has stabilized and increased slightly. On the enterprise side, companies have received a large number of orders in advance, which are supported for a short period of time. The quotations for new orders are stable and firm. Some orders are still suspended, and the actual transaction is only discussed. In terms of the market, the market trend has stabilized, and the trading atmosphere has dropped slightly compared with the previous few days. The market has remained mainly stable in the short term with little change. On the demand side, downstream autumn fertilizer production is gradually entering the final stage, and the operating load of downstream factories and units has dropped. Some of them just need to make up orders to follow up. Traders are still okay to inquire about orders, and some are still waiting to see carefully. In terms of raw materials, the market prices of raw materials sulfur and phosphate rock have continued to rise, the synthetic ammonia market has been stable and the price has been adjusted slightly. The overall raw material price has increased, and costs continue to support it. On the whole, the current raw materials in the monoammonium market are rising, and downstream companies are still in need of procurement. In addition, supported by a large number of orders to be issued by companies, the market price of monoammonium phosphate is expected to remain high in the short term.

Specific market prices in each region are as follows:

Diammonium phosphate price index:

According to Feiduo data, on October 12, the 64% particle index of the mainstream diammonium phosphate in China was 3808.33, stable; the 60% brown index was 3550.00, stable; and the 57% content index was 3427.50, stable.

Diammonium phosphate market analysis and forecast:

Today, the market price of diammonium phosphate in China is consolidating. In terms of enterprises, most enterprises have normal equipment operation and construction continues to be high. Currently, advance orders are still sufficient. With the support of waiting, enterprises have no sales pressure and have a strong mentality. In terms of the market, the market has maintained a weak and stable trend, and the circulation of goods has improved. Currently, 64% of the market have tight supply, and some low-end prices have been delisted. Most operators adopt a cautious wait-and-see attitude. On the demand side, the market has entered the final stage of autumn, and the downstream just needs to follow up and continue to replenish, and the demand side still has support for the short term. In terms of raw materials, the market prices of raw materials sulfur and phosphate rock continued to rise, the transaction atmosphere in the synthetic ammonia market was general, prices stabilized, the raw material side adjusted within a narrow range, and cost support continued to be strong. Overall, as the autumn market gradually comes to an end, the current diammonium market transactions have improved slightly. Downstream replenishment is being followed up, and the market price of diammonium phosphate is expected to remain stable in a short period of time.

Specific market prices in each region are as follows: